2. Summary of Significant Accounting Policies: Fair Value Measurements (Policies)

9 Months Ended

Sep. 30, 2017

Policies

Fair Value Measurements

Fair Value Measurements

When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used.  The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall.   The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.   Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs.  The amount of the total gains or losses for the period are included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. The Company has one financial liability that is adjusted to fair value on a recurring basis:

At September 30, 2017 and December 31, 2016, the Company determined fair value on a recurring basis and non-recurring basis as follows:

	Balance September 30, 2017	Balance December 31, 2016	Fair Value Hierarchy level
Liabilities
Recurring: Notes payable in    gold (Note 6)	$                (437,193)	$               (412,261)	2